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Strong Credit Management and Stable Loan Growth Drive Buy Rating for Synchrony Financial

Strong Credit Management and Stable Loan Growth Drive Buy Rating for Synchrony Financial

Ryan Nash, an analyst from Goldman Sachs, maintained the Buy rating on Synchrony Financial (SYFResearch Report). The associated price target was lowered to $63.00.

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Ryan Nash has given his Buy rating due to a combination of factors including Synchrony Financial’s performance metrics for April. The company’s delinquencies were slightly above seasonal expectations but remained stable, while net charge-offs outperformed historical trends, indicating strong credit management. Loan growth was consistent with expectations, showing stability in the company’s lending portfolio.
Furthermore, the decline in delinquencies on a year-over-year basis and the better-than-expected performance of net charge-offs suggest a positive trajectory for the company’s financial health. These factors combined with the overall solid update on the company’s metrics led Ryan Nash to rate Synchrony Financial with a Buy recommendation.

In another report released on May 16, KBW also maintained a Buy rating on the stock with a $82.00 price target.

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